Mobilise App shares to debut on NSE SME today. GMP indicates positive listing

Shares of Mobilise App Lab are set to list on the NSE SME platform on March 2, with the grey market premium currently at around 5% over the issue price of Rs 80. This suggests a potential listing price near Rs 84, indicating modest listing gains in the unofficial market.

The Rs 20 crore IPO, which closed on February 25, received an overwhelming response and was subscribed 100.07 times overall. The retail category was subscribed 96.52 times, while the NII segment saw strong demand at 175.72 times. The QIB portion was subscribed 49.16 times.

The IPO comprised a fresh issue of 25.12 lakh shares aggregating to Rs 20.10 crore.


The company plans to utilise Rs 5.54 crore towards product development through talent hiring, Rs 3.03 crore towards business development and marketing, Rs 5.47 crore towards infrastructure, and the balance for general corporate purposes.

Incorporated in 2012, Mobilise App Lab is a SaaS-based IT solutions provider offering enterprise platforms such as ERP solutions for educational institutions, HRMS systems, supply chain solutions, and facility and asset management systems. It operates cloud-based, process-oriented platforms designed to improve automation and efficiency.

Financially, the company reported total income of Rs 16.24 crore in FY25 and profit after tax of Rs 4.71 crore. For the nine months ended December 2025, it posted PAT of Rs 4.01 crore on income of Rs 13.53 crore.

Despite the strong 100 times subscription, the grey market premium at 5% indicates expectations of moderate listing gains rather than a sharp spike. Given the SME segment’s liquidity dynamics, listing performance may remain volatile, but the combination of high subscription and positive GMP suggests a firm debut unless broader market sentiment weakens.